Author: AltCoinDrops.com

More than 172,000 traders were liquidated in a single day as Bitcoin’s losses piled up, pushing the cryptocurrency out of the world’s top 10 largest assets by market cap. Bitcoin now sits at 13th place, trailing gold, NVIDIA, Apple, Microsoft, and silver, among others. Related Reading Longs Take The Brunt Total crypto liquidations reached $921 million within 24 hours, with Bitcoin alone accounting for $352 million. Ethereum followed at $241 million, while XRP, ZEC, HYPE, SUI, DOGE, and NEAR recorded the remaining losses. Long positions made up more than 90% of all liquidations, a sign that traders had bet on…

JPMorgan Chase CEO Jamie Dimon on Friday yet again sharply criticized Coinbase CEO Brian Armstrong and warned that the latest version of the Clarity Act could ultimately fail if lawmakers do not address concerns from traditional banks over stablecoin regulation.In an interview with Maria Bartiromo on Fox Business, Dimon appeared frustrated by the direction of the debate around stablecoins and digital asset legislation. Asked whether he was satisfied with the current draft of the Digital Asset Market Clarity Act, the crypto market structure bill that will formalize rules around how federal securities and commodities regulators oversee crypto, Dimon said he…

Anthropic announced the release of Claude Opus 4.8 on Wednesday, cutting fast mode pricing by two-thirds. The company hinted that its strongest model, Mythos, will be available to all users within weeks. Standard pricing for Opus 4.8 stays flat at $5 input and $25 output per million tokens, per Anthropic’s blog. Opus 4.8 undercuts GPT-5.5 and beats it on most benchmarks Fast mode now costs $10 input and $50 output per million tokens at 2.5x speed. On Opus 4.7, the same tier ran $30/$150. At standard rates, Opus 4.8 charges $25 per million output tokens. GPT-5.5 charges $30. Benchmark Opus…

Latest developments: Calamos says its protected Bitcoin ETFs are attracting inflows even as spot Bitcoin ETFs see redemptions.Matt Kaufman, head of ETFs at Calamos, said the firm saw roughly $10 million to $15 million in inflows over the past several weeks.Kaufman said advisors are increasingly looking for Bitcoin exposure that reduces volatility and downside risk.The firm offers three versions of its protected Bitcoin ETFs, including products with full downside protection and others with 10% or 20% downside risk.“You can get upside of Bitcoin with no downside risk,” Kaufman said.Kaufman joined CoinDesk’s Jennifer Sanasie on Public Keys.How it works: Calamos structures…

TLDR: Hyperliquid generated nearly $800M revenue in 2025 without raising venture capital funds. The HYPE token reached a $13B market cap despite the platform remaining blocked in the U.S. Hyperliquid processed $2.9T in perpetual futures volume during 2025 across global markets. Grayscale believes HYPE remains undervalued compared with traditional exchange businesses. Grayscale Research has identified Hyperliquid as the standout success story in modern digital assets. The decentralized exchange generated approximately $800 million in revenue during 2025. It reached the 8th largest crypto asset by market capitalization. All of this was achieved without a single dollar of venture capital funding. Notably,…

The Digital Chamber is leading a coalition of crypto firms pressing the Senate to pass the CLARITY Act. Summary The Digital Chamber is leading more than 100 crypto firms urging Senate passage of the CLARITY Act. The coalition wants action before the Senate’s summer recess to lock in regulatory clarity. The Senate Banking Committee already advanced the bill in a bipartisan 15-9 vote on May 14. The Digital Chamber has escalated a coalition push urging the US Senate to pass the CLARITY Act. The trade group is framing the bill as crypto’s last realistic window for federal market structure rules…

Vitalik Buterin has highlighted Interfold as a major step toward private, anti-collusion voting infrastructure on Ethereum, nearly a decade after he pushed the original MACI idea for reducing bribery and coercion in onchain governance. The Interfold protocol is built around CRISP, a framework for encrypted voting and computation that can support use cases such as private ballots, secret-ballot auctions and other systems where users need to prove eligibility without revealing how they voted. The design combines threshold encryption, zero-knowledge proofs and fully homomorphic encryption, allowing votes to be submitted onchain while encrypted computation handles the result. Buterin connected…

President Donald Trump is doubling down on his ambition to cement a permanent legal framework for cryptocurrency in the United States, vowing that the country’s emerging digital asset rules will be “future-proof.” He added that the framework would be resistant to reversal by future administrations or political critics. The remarks come amid an intensified push in Washington to finalize sweeping crypto market structure legislation that would define how digital assets are regulated across federal agencies, including the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). In a post on his Truth Social account, Trump framed his…

Ripple has submitted a letter to the US Securities and Exchange Commission’s (SEC) Crypto Task Force. The crypto giant urges clear guidelines or amendments to stablecoins, crypto asset non-security status, and tokenized securities rules. This marks a significant push for regulatory clarity for the crypto industry. Ripple Submits 5 Proposals to US SEC on Stablecoins, Crypto Non-Securities, Tokenization Ripple shared the company’s rationale and suggestions regarding payment stablecoins and tokenized securities guidance, according to a letter to the SEC Crypto Task Force. The letter is a follow-up to the crypto company’s meeting with Commissioner Hester Peirce and members of the…

BIS tokenization work has cleared its atomic settlement prototype phase and will graduate to real-value cross-border payment trials. Summary Project Agora demonstrated tokenised cross-border settlement across seven central banks and more than 40 financial institutions. The Bank of Canada joined Wednesday, with real-value transactions set as the next testing milestone. The prototype preserves correspondent banking, sanctions screening, and SWIFT compatibility rather than replacing them. BIS tokenization work has cleared its atomic settlement prototype phase and will graduate to real-value cross-border payment trials. The Bank for International Settlements confirmed the move Wednesday. Project Agora, a public-private collaboration with seven central banks…